US political turmoil tests ‘institutional confidence’ as crypto ETFs bleed
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The outflows come as “No Kings” protests sweep across the US amid a prolonged government shutdown and political division, deepening market risk aversion.
US spot Bitcoin and Ethereum exchange-traded funds (ETFs) extended their losing streak on Monday, marking another day of outflows as investor sentiment remains fragile amid mounting political and macroeconomic uncertainty.
According to data from SoSoValue, spot Bitcoin (BTC) ETFs recorded $40.47 million in net outflows on Monday, their fourth consecutive day of withdrawals. BlackRock’s IBIT led the losses, shedding $100.65 million, while Fidelity’s FBTC and Bitwise’s BITB posted inflows of $9.67 million and $12.05 million, respectively.
The cumulative total net inflow in spot Bitcoin ETFs now stands at $61.50 billion, with total net assets slipping to $149.66 billion, or roughly 6.76% of Bitcoin’s market capitalization.
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